The Global Market for Non-Hazardous Medical Waste Management

Fact.MR, a provider of data-driven market intelligence, has recently launched a report on Medical Waste Management Market.

The market is expected to surpass 22 billion US-Dollar by the end of 2021-2031, which means a – projected – CAGR (compound annual growth rate) of more than three percent, the company informed. “Increasing hospitalization rates is compounding the volume of medical waste generated, thus nudging demand.”

Historically, demand had accelerated at a CAGR of approximately four percent, closing in at over 16 billion US-Dollar in 2020. “The onset of Covid-19 further heightened expansion prospects,” the information said. “As countries continue battling the pandemic even today, hospitals and other healthcare settings are prioritizing on maintaining hygiene standards to prevent infection spread.”

(Published in GLOBAL RECYCLING Magazine 3/2021, Page 21, Photo: O. Kürth)